Mercantilism stressed the importance of colonies as sources of raw materials and markets for manufactured goods made in the mother country.

True or False?

Yes it is absolutely true that Mercantilism stressed the importance of colonies as sources of raw materials and markets for manufactured goods made in the mother country. This was a theory that was favored by the Europeans during the 17th and the 18th centuries. The existence of the colonies also depended on the acceptance of this theory during that time.